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Candle Martingale + EA

  • #881
  • Edited 9:10am Sep 13, 2016 8:26am | Edited 9:10am
today 3 orders closed now + 0.7 % - open orders DD 0.02% now GMT 14:09
  • #882
  • Sep 13, 2016 8:32am Sep 13, 2016 8:32am
@Math . any progress on the news filter?
  • #883
  • Sep 13, 2016 8:39am Sep 13, 2016 8:39am
Quoting gugun555
{quote} I also use gu with the ea in live account and it works well, try to calculate tp in money = 25 pips from your initials lot.
Do you have a myfxbook account to see your live account performance?

What is the maximum number of orders that the martigala has opened in your account?

I think your live account would be much more protected agains Martingala blow ups if orders were opened following the trend, as I explain in mu previous post. What do you think?
  • #884
  • Sep 13, 2016 8:46am Sep 13, 2016 8:46am
Quoting edge0xc
@Math . any progress on the news filter?
Please see this post.
Trading is the hardest way to make easy money...
  • #885
  • Edited 10:22am Sep 13, 2016 8:47am | Edited 10:22am
@fournoud: I think you are on the false way (your GridSize to small, your timeframe to low, your pairs are trending pairs)

- GridSize (25% of ADR)

- TimeFrame (orders by open candle is well)

- right pairs (not trending pairs)

today 4 orders closed + 0.9 % 4 open orders DD 1.2 % update GMT 15:20
  • #886
  • Sep 13, 2016 9:55am Sep 13, 2016 9:55am
Quoting MathTrader7
{quote} I will create an update log of the versions in Post 1. Best, Math
Thank you !!!
  • #887
  • Sep 13, 2016 11:29am Sep 13, 2016 11:29am
Quoting founaud
{quote} Do you have a myfxbook account to see your live account performance? What is the maximum number of orders that the martigala has opened in your account? I think your live account would be much more protected agains Martingala blow ups if orders were opened following the trend, as I explain in mu previous post. What do you think?
No i dont put it in myfxbook, i think the maximum is 5 so far. I always look at the news, sometimes i stop the ea on red news. I use default setting, just modify the lot and tp in money.

I disagree with you, its better to have the wrong trade initially so the martingale will be activated, profit will run faster. If you always have the right trades, profit will move like snail.
making money is easy in forex, losing money is even easier...
  • #888
  • Sep 13, 2016 11:43am Sep 13, 2016 11:43am
Hi Math,

I imagine that it could be useful to add another trade signal-type "manual" in order to start the ea by hand,
f.e. if you trade the pivot-points.
Maybe you can think about. Thanks for all your support.
  • #889
  • Sep 13, 2016 12:13pm Sep 13, 2016 12:13pm
Quoting writegvf
Hi Math, I imagine that it could be useful to add another trade signal-type "manual" in order to start the ea by hand, f.e. if you trade the pivot-points. Maybe you can think about. Thanks for all your support.
Hello,

The purpose of this EA is to automatically open, manage and close positions.

Best,
Math
Trading is the hardest way to make easy money...
  • #890
  • Sep 13, 2016 3:30pm Sep 13, 2016 3:30pm
Quoting ghostbiker
@fournoud: I think you are on the false way (your GridSize to small, your timeframe to low, your pairs are trending pairs) - GridSize (25% of ADR) - TimeFrame (orders by open candle is well) - right pairs (not trending pairs) today 4 orders closed + 0.9 % 4 open orders DD 1.2 % update GMT 15:20
Hi Ghostbiker,

Thank you for your advices,

I am currently in a testing period, looking for the best parameters. I´m testing gridsize from 100 to 175, as well as timesframes M30 and H1. So far no important differences betweem them.
Regarding the pairs, USDCAD and EURGBP are giving me the worst results so far (they have been into a Martingala level 5 both of tem).

What are your setting for the latest EA v 1.92? Are you using it by any chance?

Let's continue bringing up ideas to optimize the robot!

Regards
  • #891
  • Sep 13, 2016 4:06pm Sep 13, 2016 4:06pm
Hi,

Another example of how benefitial would be opening the orders according to the trend, and not waiting for the price to reverse (like now).

In the chart below the winning trade is Long 18 (Instead of double the minilots I used another hedge: 1,2,3,5,7,12,18)

The winning trade will have a total of 29 minilots (Long 1 + Long 3 + Long 7 + Long 18), and a total winning of 29 x 20 pips = 580 pips.
The lossing trades will have a total of 19 minilots (Short 2 + Short 5 + Short 12), and a total lossing of 19 x 30 = 570 pips.
Net gain: 10 pips.

If price exits the trend, we take gains inmediatly.
If price ranges between two grid levels, the negative equity of losing contracts is offset by the opposite hedge. The dradown is very well contained as I represented in the table of my previous post.

This is definitely a more conservative martingale that will help us containing the DD.

@MathTrader7, do you think is possible to add this option is the next version of the EA? I think we need to have an intrument to contain the DD in the EA, and this could be a solution.

Thanks all for your kind support,
Regards
Attached Image
  • #892
  • Sep 13, 2016 4:20pm Sep 13, 2016 4:20pm
USDCAD is a trending pair is NOT for Martingale and NOT with 10 Pips or 17 Pips GridSize

USDCAD had today 158 ATR only up up up with 10 Pips GridSize you blow your Acc in one day

what you test is for nothing and help nobody

will you make hedging with a Martingale EA then better not trade with this Martingale EA

example 0 x 0 = 0 / 500 Pips risk and 10 Pips win (or loss) NO WAY
  • #893
  • Sep 13, 2016 10:39pm Sep 13, 2016 10:39pm
Quoting founaud
Hi, Another example of how benefitial would be opening the orders according to the trend, and not waiting for the price to reverse (like now). In the chart below the winning trade is Long 18 (Instead of double the minilots I used another hedge: 1,2,3,5,7,12,18) The winning trade will have a total of 29 minilots (Long 1 + Long 3 + Long 7 + Long 18), and a total winning of 29 x 20 pips = 580 pips. The lossing trades will have a total of 19 minilots (Short 2 + Short 5 + Short 12), and a total lossing of 19 x 30 = 570 pips. Net gain: 10 pips. If price...
hi founaud, imo the ea is already working very well. we should stop thinking about holy grail because such thing doesnt exist in fx.
i can say the ea will not blow your account if you run usd 10k mini account with 0.01 lot, but it may not worth the waiting times for the profit.
try to find your way how to work with current ea, even if you have 1k account mini account you still able to play safe.
making money is easy in forex, losing money is even easier...
  • #894
  • Edited 2:51am Sep 14, 2016 1:59am | Edited 2:51am
ADR today 09.14 / I change not my GridSize settings

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_ADR_14.09.JPG Size: 52 KB


My Orders yesterday and today / total since 08.23 + 12.9 % win / DD now 3.8%

Attached Image (click to enlarge)
Click to Enlarge Name: MathTrader0914.png Size: 41 KB
  • #895
  • Sep 14, 2016 2:54am Sep 14, 2016 2:54am
@ghostbiker

Hi,
can you explain in short words, how you choose the pairs and the settings?
Which version and which settings do you use?

Thank you.
  • #896
  • Sep 14, 2016 3:04am Sep 14, 2016 3:04am
Hello everyone,
Meanwhile, a dutiful thanks to Math for the work of this EA, shared with all, I began to use it in demo, so far gone well, but today is a strange thing happened, I closed all orders at a loss, why? I include photos with the settings.
sorry for my English.
thanks again.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.JPG Size: 240 KB
  • #897
  • Sep 14, 2016 3:10am Sep 14, 2016 3:10am
Hello
Which is the best broker for this EA? My problem is that some brokers backtest didn't run with this EA. If I set something in EA and test it well but this settings not works another broker. ( What should I do?
  • #898
  • Sep 14, 2016 3:24am Sep 14, 2016 3:24am
Quoting ghostbiker
ADR today 09.14 / I change not my GridSize settings {image} My Orders yesterday and today / total since 08.23 + 12.9 % win / DD now 3.8% {image}
just out of curiosity, which broker are you using?

Cheers
  • #899
  • Sep 14, 2016 3:41am Sep 14, 2016 3:41am
- work with all brokers, I trade by FinFX Broker

- what will you backtest ? test forward !

- I work with version 1.64 (orders by candle open) TimeFrame H1
  • #900
  • Sep 14, 2016 3:53am Sep 14, 2016 3:53am
XM.com could share set files which is optimized for xm? I try ICMarkets but there the min deposit is too high. As the Tickmill I can not register live account from EU.
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